MonoX raise $5M to launch single-token liquidity pools

Cointelegraph

Published Sep 17, 2021 09:00AM ET

Updated Sep 18, 2021 01:20PM ET

Automated market maker MonoX has today announced a debut capital raise of $5 million from venture firms including the likes of Axia8 Ventures, Animoca Brands, Divergence Ventures, among others.

MonoX will use the funds to support its ambitions in reducing the capital and liquidity prerequisites for decentralized finance (DeFi) projects offering swap, lending, borrowing and derivative capabilities on decentralized exchanges (DEXes).

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